The U.S. Department of Justice will continue to advance the fraud lawsuit against the former CEO of SafeMoon

2025-04-21 17:05:31

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ChainCatcher news, according to a report by law360.com citing documents submitted by the U.S. Department of Justice (DOJ) last Friday, the DOJ during the Trump administration had pushed to reduce enforcement against cryptocurrencies, but this did not prevent federal prosecutors from pursuing charges against SafeMoon's former CEO Braden Karony.
Karony faces fraud charges related to the collapse of the token. He is set to go on trial in May, which will be a key test of whether the DOJ's new policy will protect executives from past allegations of misconduct.
On April 18, federal prosecutors in the Eastern District of New York confirmed they would continue to pursue the case. Karony is charged with conspiracy to commit securities fraud, wire fraud, and money laundering, and he has pleaded not guilty, having been released on a $3 million bail since February.
Previous report, SafeMoon CEO requests to delay his trial due to "policy changes" by the SEC during Trump's term.

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